Leeward Investments LLC MA Cuts Stake in Pioneer Natural Resources (NYSE:PXD)

Leeward Investments LLC MA reduced its holdings in shares of Pioneer Natural Resources (NYSE:PXD) by 22.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 44,531 shares of the oil and gas development company’s stock after selling 12,761 shares during the period. Leeward Investments LLC MA’s holdings in Pioneer Natural Resources were worth $10,014,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Dai ichi Life Insurance Company Ltd increased its stake in Pioneer Natural Resources by 45.5% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 21,079 shares of the oil and gas development company’s stock worth $4,839,000 after buying an additional 6,589 shares during the period. Assenagon Asset Management S.A. grew its holdings in Pioneer Natural Resources by 610.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 618,449 shares of the oil and gas development company’s stock worth $141,965,000 after acquiring an additional 531,418 shares in the last quarter. Banco Santander S.A. grew its holdings in Pioneer Natural Resources by 7.1% during the 3rd quarter. Banco Santander S.A. now owns 51,608 shares of the oil and gas development company’s stock worth $11,847,000 after acquiring an additional 3,438 shares in the last quarter. SCP Investment LP grew its holdings in Pioneer Natural Resources by 80.0% during the 3rd quarter. SCP Investment LP now owns 1,800 shares of the oil and gas development company’s stock worth $413,000 after acquiring an additional 800 shares in the last quarter. Finally, William Blair Investment Management LLC grew its holdings in Pioneer Natural Resources by 34.2% during the 3rd quarter. William Blair Investment Management LLC now owns 440,522 shares of the oil and gas development company’s stock worth $101,122,000 after acquiring an additional 112,261 shares in the last quarter. 80.57% of the stock is owned by hedge funds and other institutional investors.

Pioneer Natural Resources Stock Performance

PXD stock traded down $6.28 on Friday, hitting $268.87. The company’s stock had a trading volume of 2,038,654 shares, compared to its average volume of 1,993,584. The firm has a 50 day moving average of $255.15 and a two-hundred day moving average of $239.90. Pioneer Natural Resources has a 1 year low of $196.74 and a 1 year high of $278.83. The stock has a market cap of $62.81 billion, a price-to-earnings ratio of 13.28 and a beta of 1.31. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.21.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas development company reported $5.28 EPS for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). The firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.91 EPS. Equities analysts predict that Pioneer Natural Resources will post 22.47 EPS for the current fiscal year.

Pioneer Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were given a dividend of $2.56 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $10.24 dividend on an annualized basis and a yield of 3.81%. Pioneer Natural Resources’s payout ratio is currently 24.70%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Truist Financial boosted their price target on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $279.00 price target on shares of Pioneer Natural Resources in a report on Thursday, April 11th. Susquehanna boosted their price target on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a report on Monday. StockNews.com initiated coverage on shares of Pioneer Natural Resources in a report on Sunday, April 21st. They set a “hold” rating for the company. Finally, Scotiabank upped their target price on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $264.10.

Insiders Place Their Bets

In other Pioneer Natural Resources news, CAO Christopher L. Washburn sold 1,416 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $260.95, for a total transaction of $369,505.20. Following the completion of the transaction, the chief accounting officer now owns 4,990 shares in the company, valued at approximately $1,302,140.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Phillip A. Gobe sold 2,000 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $261.12, for a total value of $522,240.00. Following the completion of the transaction, the director now owns 11,132 shares in the company, valued at approximately $2,906,787.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Christopher L. Washburn sold 1,416 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $260.95, for a total transaction of $369,505.20. Following the completion of the transaction, the chief accounting officer now owns 4,990 shares of the company’s stock, valued at approximately $1,302,140.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,766 shares of company stock worth $9,067,373. 0.57% of the stock is owned by insiders.

Pioneer Natural Resources Profile

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has operations in the Midland Basin in West Texas. The company was founded in 1997 and is headquartered in Irving, Texas.